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BUSINESS BRIEFS.(TO THE POINT)
ENERGY
Hanover Compressor top guns out
The largest provider of natural gas compression gear said CEO Michael McGhan and COO Charles Erwin had resigned. It was part of an expected restructuring that saw the new group in control putting its own leadership in place, said analysts. In Feb. the firm restated results for '00 and most of '01, leading to an SEC accounting review. Chairman Victor Grijalva, who joined Hanover in Feb., will be acting CEO.
Enron pipeline loans questioned
Enron may have improperly used two pipeline units to secure $1 billion in bank loans just weeks before it went bankrupt, the Federal Energy Regulatory Commission said. The probe could complicate the pending sale of one of the pipelines, Northern Natural Gas, now owned by Dynegy, to Warren Buffett's Mid-American Energy. If FERC finds the loans were not justified, it could bar the Enron units from recovering the cost of those loans.
MEDICAL
Cigna Q2 profit increased 13%
- Warren Buffett Buys Williams Cos. Stock, Bolsters Finances.
- Newspaper article from: Tulsa World (Tulsa, Oklahoma) (via Knight-Ridder/Tribune Business News) August 3, 2002 700+ words
...Russell Ray Aug. 3--Warren Buffett must have great confidence...pipeline, which carries natural gas from Wyoming to California...Williams debt. "In Warren Buffett's eyes, Williams...majority interest in two natural gas liquids pipelines and...
- Warren Buffett Spots Investment Opportunities in Struggling Energy Firms.
- Newspaper article from: Knight Ridder/Tribune Business News November 15, 2002 700+ words
...safe to assume that Warren Buffett knows a good deal when...Graham and Invest Like Warren Buffett. "If he can get a...gobbled up some valuable natural gas pipeline properties...dealt its Northern Natural Gas Co. to MidAmerican...
- Warren Buffett's Berkshire Hathaway annual report at a glance.
- Newspaper article from: Omaha World-Herald (Omaha, Nebraska) (via Knight-Ridder/Tribune Business News) March 7, 2005 700+ words
...INDEX FUNDS FAVORED: Berkshire Hathaway Inc. Chairman Warren Buffett has some advice to investors who don't buy Berkshire stock...receivable accounts that came along with its purchase of Northern Natural Gas from Enron Corp. two years ago. Buffett said Berkshire...
- Striking While Iron's Hot: Lehman plays matchmaker for Warren Buffett...
- Magazine article from: Investment Dealers' Digest January 6, 2003 700+ words
...company owned by longtime stock maven Warren Buffett that the time was ripe for an energy...and bought Dynegy pipeline Northern Natural Gas Co. for $1.9 billion, a deal that...transports 4.3 billion cubic feet of natural gas per day. It was one of Enron Corp...
- Today on InvestorCanada.com... Warren Buffett is Doing It. Should You?
- Press release article from: PR Newswire March 14, 2003 700+ words
...TORONTO, March 14 /PRNewswire/ -- Investing guru Warren Buffett is said to be considering some junk bonds. Are they for...including factors that will affect the price of oil and natural gas this year. InvestorCanada.com offers daily, independent...
- Enron could use a megadose of Warren Buffett.(Knight Ridder Newspapers)
- Newspaper article from: Knight Ridder/Tribune News Service Smith, Jack Z. December 11, 2001 700+ words
...As you may have read, the world's largest trader in natural gas and electricity was involved in financial legerdemain that...came to me: That's a company that could use a megadose of Warren Buffett. Buffett is the second-richest man in America, ranking...
- Buffett raises Conoco stake.(Corporate News)(Warren Buffett)(Berkshire Hathaway...
- Newspaper article from: The Oil Daily November 18, 2008 700+ words
Billionaire Warren Buffett and his company Berkshire Hathaway hold a nearly 6% stake in ConocoPhillips...of their value over the period. Conoco is one of the largest natural gas players in North America, leaving the company with greater exposure...
- To: Oracle of Omaha From: Kiplinger's Re: buy these stocks: we hear Warren...
- Magazine article from: Kiplinger's Personal Finance Magazine October 1, 2002 700+ words
...looking for safe havens, it's comforting to see an influential guy like you picking up stocks for a song. There's the natural-gas pipeline you bought from Dynegy for $1.9 billion. You even pumped $100 million into ailing telecom company Level 3 Communications...
